-+ 0.00%
-+ 0.00%
-+ 0.00%
T7 Global bags offshore services deal
Share
Listen to the news

PETALING JAYA: T7 Global Bhd’s wholly owned subsidiary, Tanjung Offshore Services Bhd, has received a letter of award from Searah Bhd for hook-up and commissioning in Peninsular Malaysia.

In an announcement, T7 Global said the award was dated Aug 25, 2026.

The contract runs from Aug 21, 2026 until Sept 26, 2029.

The contract value was not disclosed.

It is expected to contribute positively to the group’s earnings and net assets for the financial year ending Dec 31, 2026 and onwards until its expiry.

The group said execution risks include the availability of skilled workers, equipment and regulatory conditions.

However, Tanjung Offshore will undertake mitigation efforts, drawing on its established track record and expertise to execute the contract.

T7 Global said the contract will have no effect on the total issued share capital and shareholdings of the substantial shareholders of the company.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending